Legal Opinion
Saperston v. Rae-Columbus, Inc.
Ohio Supreme Court
Decided February 9, 1949No. 31443PublishedCited by 4 opinions
1Opinion of the CourtZimmerman, J.
It appears from the bill of exceptions that Rae-Columbus, Inc., had in prospect the receipt of a government contract for the manufacture of some 10 million metal brackets at a price of $223,000. In order to profit to a larger extent from such transaction, defendant was desirous of finding a manufacturing plant having a so-called “large [operating] loss carry-over” to which defendant could subcontract the bracket order and by doing so offset the earnings on the contract against the loss carry-over, thus accomplishing a considerable savings in federal taxes.
Such an industrial plant was that of…
2Cases cited1 opinion
- Union Properties, Inc. v. McHenryOhio Supreme Court · 1943
3Cited by4 opinions
- American Security Service, Inc. v. BaumannOhio Court of Appeals · 1972
- Royal China, Inc. v. Travelers Indemnity Co.Court of Appeals for the Sixth Circuit · 1974
- Royal China, Inc., and Brookpark Royalon, Inc. v. Travelers Indemnity Company, Royal China, Inc., and Brookpark Royalon, Inc., Plaintiffs-Cross-Appellants v. Travelers Indemnity Company, Defendant-Cross-AppelleeCourt of Appeals for the Sixth Circuit · 1974
- State ex rel. Dept. of Mental Hygiene & Correction Bureau of Support v. BookLake County Court of Common Pleas · 1968